The Ogra has sent the summary to the Ministry of Energy (Petroleum Division) on Friday and that would be then forwarded to the Finance Ministry for approval. As per the summary, the Ogra has recommended that prices of HSD may be reduced by Rs7.23 per litre and petrol by Rs5.79 per litre, the sources maintained.
If the government approves the Ogra's recommendation, petrol price will go down from the existing Rs116.6 per litre to Rs110.81 per liter, and HSD price will reduce to Rs120.03 per litre from the current Rs127.26 per litre. The Ogra has calculated price on the basis of Petroleum Levy of Rs18 per litre on the HSD, Rs15 per litre on petrol, Rs6 on kerosene oil, and Rs3 on LDO.